Nov 12th, 2024
Infineon Says ‘Cyclical Downturn’ Weighing on Revenue
Infineon Technologies AG CFO Sven Schneider talks with Bloomberg after the German chipmaker forecast revenue will decline in the 2025 fiscal year, missing analyst estimates, in a sign that demand from car industry customers in Europe and the US will remain depressed. Infineon is the first major European chipmaker to give guidance for 2025.
